City Trades: Dow Jones Industrial Average.

Investors Chronicle - magazine and web content, September, 2007

Charting guru grapples with the messy Dow picture Sandy Jadeja

The Dow Jones index is once again testing the key resistance level of 13340, says Sandy Jadeja at www.spreadbettingtowin.com.

If we see a break above here and also the 4 September high of 13494, then an attack towards the Fibonacci 0.786 per cent level of 13686 is possible. By contrast, the downtrend could resume on penetration of 13280. Either way, once the index decides on its chosen direction, expect further sharp moves.

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